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Multi-State Payroll Tax 2023: Income Tax Withholding, Wage and Hour, State Unemployment Insurance, Business Nexus, and Local Taxes
Many companies who do business in more than one State do not understand how to determine which State they must pay taxes to. They also do not understand that each State has different laws regarding residents and non-residents. This is very difficult to keep up with and to know what taxes to withhold.
Employees must be paid at least the federal Minimum Wage. However, there are also State minimum wages and sometimes those amounts are higher than the Federal Minimum wage. Whichever wage is higher is what the employee must be paid.
Besides State withholding, there are also local taxes in certain areas. Some States have local taxes for larger cities and other have them for every locality. You are responsible for making sure you are properly withholding for these localities and you must know where and when to pay these taxes.
We will explain the differences between residents and non-residents and how to properly report withholding for both these types of employees. You will find out whether your business has Business Nexus and what that means to you. No employer wants to face huge fines and penalties for failing to follow State laws and regulations.
This session will help you know if you are complying and what to do if you are not. You will be given helpful websites to find out detailed information on withholding for these taxes and where to pay them to. You will be provided with the tools necessary to make sure your business remains in compliance with all these things.
Join us to learn what factors determine which tax the employer must withhold.
Areas Covered
-Income Tax Withholding in 2023 -State Unemployment Insurance -Wage & Hour Issues in 2023 -Local Taxes
Get Answers to
-When does a state law take precedence over a federal law? -What is Nexus and does your company have it? -How to identify State minimum wage rates? -How to recognize which State you pay Unemployment Taxes to? -What are the 4 points to determine what State to pay UI to?
Who will Benefit
-Payroll Professionals -Owners -Accountants -CFO -Tax Professionals -Bookkeepers -Businesses operating in more than 1 State -Businesses having employees who work in a different State than where the business location is or employees working in multiple States -Businesses selling products over State lines
Ask your question directly from our expert during the Q&A session following the live event.
Speaker
Debbie Cash
Debbie Cash, CPP is a Manager of TLM Implementation at G&A Partners. G&A Partners is a Professional Employer Organization (PEO) that offers payroll, human resources, benefits management, risk management, and accounting services for businesses. G&A Partners acquired Employer Advantage LLC (PEO) in February 2022. Debbie began working for the organization in 2006 as a Payroll Tax Specialist and Time and Attendance Specialist. She was promoted to Time/Labor Manager in 2021.
Debbie earned an Associate's Degree in Accounting from MSSU in 1985 and a Bachelor's Degree in General Business from MSSU in 2006. She obtained her Certified Payroll Professional Certification in October 2006. She has 30+ years of experience processing payroll and payroll taxes for various different companies and professions.
Debbie worked as a Payroll Specialist at Missouri Southern State University from 1993 to March 2006. She attended the International Tax Conference in Wisconsin in 2005 and specialized in International Tax for Student Visa. She also worked for Joplin R-8 School District processing payroll from 1990 to 1993.
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